US remediation industry generates $8.07 billion in revenues

San Diego, Calif. — The U.S. remediation market grew a modest 2.8% in 2012, generating revenues of $8.07 billion, according to comprehensive annual research conducted by Environmental Business International Inc., the publisher of Environmental Business Journal.

Of the total U.S. remediation market, 64% of revenues were generated by Remediation/Construction work, with Assessments & RI/FS*, Remedial Design, and Closure & Monitoring comprising the remainder.

Growth in the remediation business has been picking up steadily since 2009, averaging 2-3% a year and gaining momentum with the economic recovery, which has primarily revived the private and non-regulatory remediation markets. Improvements in private sector opportunities are helping to assuage concerns about the slowing federal remediation market.

“What keeps the cleanup contracting community up at night is budget cuts, already enacted and potentially yet to come,” said EBJ Senior Editor George Stubbs. “The impacts include delays in task orders and the possibility that the ‘sequestration’ package of budget cuts that took effect in March will lead to furloughs and thus slow down progress at cleanup sites.”

Nonetheless, the remediation market is expected to continue an upward trajectory, with growth forecast to approach 4% in 2014, according to EBJ’s 2013 Survey of Remediation Companies, Markets, and Technologies, published in the 2013 Remediation Market edition of EBJ.

Liability, sustainability and other remediation trends

Remediation is one of 14 environmental industry segments tracked by EBJ since 1988. EBJ’s detailed annual coverage of the U.S. remediation market highlights trends and opportunities in this mature environmental industry segment:

“Liability disclosure is currently a push factor in getting contaminated sites through the pipeline,” observed Stubbs. “In the absence of new regulatory drivers, major companies in power, oil & gas, mining, manufacturing and other sectors are shaping their cleanup programs around financial disclosure requirements and looking to remove their liabilities from the books.”

While the brownfields redevelopment market isn’t what it was prior to the recession, remediation related to brownfields is steadily recovering from the worst of the real estate bubble.

Another legitimate segment of today’s remediation industry is the “re-opener” business, with reassessment for vapor intrusion as a common trigger, noted Stubbs.

Sustainability is also becoming more embedded in the cleanup marketplace, with sophisticated customers expecting it to be part of the remedial solution in various forms, including materials reuse and recycling, lower energy use, or socioeconomic factors.

Inside this edition

EBJ’s annual analysis of the remediation business in 2013 includes market size, growth and forecasts by client sectors, trends in market drivers and technology applications, company profiles, and features on brownfields, state programs and federal markets. This edition also showcases the results of the EBJ Survey of Remediation Companies, Markets, and Technologies, 2013.

Exhibits include:

  • U.S. Site Remediation Market 2009-2013 ($mil)
  • Rating of Client Markets in Remediation: 2013-2015
  • Rating of Project or Service Markets in Remediation: 2013-2015
  • Revenue Growth in Remediation: Company vs. Segment Response
  • Remediation Technologies Applied on Active Sites: 2004-2013
  • Ranking of Market Drivers in Remediation Business in 2013

Purchase EBJ Vol XXVI No 04 - Remediation Market 2013 (15 charts, 20,000+ words) for $250

For comment and access to research, contact:
Grant Ferrier, President, EBI Inc.
619-295-7685 ext 15
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